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NEW YORK - Worries over global oil pricing and pipeline constraints are hanging over the energy sector as US companies begin to report quarterly results, with many producers’ shares trading lower on the year.
Third-quarter profits for oil producers generally should be higher than a year ago, because the average price per barrel was up about 44 percent over the same period last year. But oil prices on Friday registered their third straight weekly decline, extending a slide on concerns that slower global economic growth and the US-China trade war could dent demand.
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